iAs indicated in every year since the Update has been published, California housing remains one of the hottest issues in the public discourse. Last year’s legislative session produced another crop of bills aimed at stimulating housing production and the ongoing session looks to be similarly productive. Many in the firm are working on housing-related issues and closely following every development.
At a national level, it is a presidential election year and the Biden Administration continues to promulgate rules tightening environmental standards across media. Just weeks ago, the federal EPA for the first time announced drinking water standards for two PFAS compounds.
Changes in both national and state standards ultimately affect the property market, and environmental due diligence supporting transactions has only become more complex. Meanwhile, the continuing greening of the grid and of transportation presents novel challenges in siting utility-scale and community-scale renewable generation and the charging of electric vehicles of all sizes.
